Category: NEWS

  • GroupM leads in COMvergence 2023 New Business Barometer

    COMvergence, the independent research and data consultancy which analyses mediaspend investments and produces benchmark studies on new business performances, released its latest New Business Barometer for FY 2023 for India.

    Maruti, Reckitt, PhonePe, Proctor & Gamble (digital), Swiggy, Pernod Ricard,Vivo Mobiles, Beiersdorf, Ferrero, Berger Paints and Jaguar Land Rover were among some of the account moves and retentions that dominated the Indian market from January 2023 to December 2023.

    The Media Agency Groups were led by GroupM by a wide margin with a total new business value of +$654M, followed by IPG Mediabrands at +$200M new business value and Omnicom Media Group with a new business value of +$128M.

    Wavemaker, Mindshare and Lodestar UM led the media agencies’ ranking followed by EssenceMediacom and Havas Media.

    In 2023 COMvergence, assessed an overall of 215 account moves and retentions, with media spends estimated to be around $1.5BN.  Out of these Local pitches dominated the Indian market, whilst 55% of the total pitches held globally were local in nature ( country specific pitches), making India  well above this average with 91%  of total pitches being local whereas global and multi- country pitches made up only 9% of the pie for India.

    2023 saw a whole of 192 local pitches estimated to be around $1399M and 23 global and multi market pitches were estimated to be around $132M in India.

  • Warner Bros. Discovery partners with Posterscope

    Warner Bros. Discovery has teamed up with Posterscope to launch a new campaign for ‘Godzilla X Kong: The New Empire’. Posterscope has created a larger-than-life mural painting in Mumbai to generate buzz around the film.

    Speaking on the initiative, George John, Director – Marketing (Theatrical), Warner Bros. Discovery said: “We are delighted to announce the creation of a larger-than-life painted Mural featuring the iconic characters Godzilla & Kong. This awe inspiring artwork is a part of our exciting marketing campaign for the film, ‘Godzilla X Kong: The New Empire’ which brings these legendary monsters to life, capturing the imagination of fans and passersby alike. We invite everyone to witness this incredible piece of art that celebrates the size and scale of the Titans and thereafter enjoy this epic film in a cinema near them!”

    Added  Imtiyaz Vilatra, Managing Partner, Posterscope: “Despite being among the oldest forms of advertising, murals have emerged as a powerful force in OOH advertising. Pop-culture-focused brands that appeal to a youthful and energetic audience have benefited from this medium. Therefore, we believe murals would work best for Warner Bros. Discovery’s upcoming film, given the colossal stature of its characters and the ardent fan base it has. The meticulous planning and execution required to bring this vision to life are nothing short of extraordinary. With this campaign, we hope to have left an indelible mark on the pop-cultural fabric of Mumbai.”

  • Kohli is brand ambassador for Amaze power tech brand

    Amaze, the energy solutions brand, launched a new brand campaign Hamesha #ReadyToPerform featuring Virat Kohli. The campaign showcased its widest range of inverters, batteries, and solar products.

    Speaking on the occasion, Preeti Bajaj, CEO and MD, said: “Amaze has established itself as a trustworthy brand in India by providing high-quality and energy-efficient energy solutions. The retail and energy sectors are currently experiencing a new wave of growth in the new emerging Bharat, due to rising urbanization and an increase in the purchasing power of consumers. With a strategic focus on innovation, and expansion, along with a solar approach, Amaze is poised to make a significant impact on the energy landscape in India, and our target is to triple our growth and customer touchpoints in the next 3 years. We intend to continue powering the dreams and aspirations of emerging India with an uninterrupted and independent power supply.”

    Added Neelima Burra, Chief Strategy, Transformation and Marketing Officer: “The Hamesha #ReadyToPerform campaign exemplifies Amaze’s commitment to empowering consumers to excel in every aspect of their lives. The film is based on consumer insight inspiring middle India to break boundaries and chase dreams without the hassle of power cuts. We believe middle India is rising because they don’t want to be seen left behind in a rapidly changing world and they prepare themselves for everyday challenges relentlessly.”

    Said Anusha Shetty Chairperson and Group CEO, Grey: “Thanks to digital democratisation, a new wave of Indians are shaping the country. Indians who think no dream is unrealistic. Indians who think it’s not where you come from but where you’re headed those counts. Amaze believes in fuelling their aspirations with uninterrupted power.”

  • Ants Digital unveils a social media campaign

    Ants Digital, a fully integrated marketing communications agency, has launched a campaign #TheLinesWeDraw to establish awareness around responsible communication.

    Speaking on the importance of responsible marketing communications, Sanjay Arora, CEO, Ants Digital, said: “Keeping communication ethical should be the bedrock of all campaigns. As agencies we have a very important role to play and there is a very thin line between what is right and acceptable and what is not. It is the responsibility of agencies to counsel clients and avoid communication that crosses the line. Through this campaign we wanted to create an awareness and send a strong message to the industry to responsibly use communication for their brands. Sharing this message through our social media handles, we are sure it will bring some positive change in the industry.”

  • Election time, Mr Kahneman!

    Election time, Mr Kahneman!

    Avik ChattopadhyayOn March 27, the world lost one of its sharpest minds ever, in the fields of human psychology and behavioural economics. Daniel Kahneman was the undisputed master of the study of decision-making, judgment, heuristics, biases and human rationality. Getting the Nobel Prize for Economics in 2002 for his work, Kahneman finally put down all his thoughts and theories into one awesome compilation that he called ‘Thinking, Fast and Slow’ in 2011.

     

    As brand managers and marketers, all of us, inadvertently, have used one or more of his ‘behavioural patterns’ in our work. I unabashedly dipped my hands into DK’s work and do admit to not crediting him for the same in innumerable PPTs. I hope there are a few more like me as, going by one of his patterns, I too am a victim of the ‘confirmation bias’.

     

    Given that the world’s largest reality show is going to commence from April 19, the ‘dance of democracy’, through the seven chapters of its recital, would be a delectable ground for testing his key human behaviour patterns. On his behalf, here is my attempt at the same.

    Let us take each of the 10 key patterns DK espouses and contextualise it to the Indian parliamentary elections.

     

    Our brain uses two systems: System 1 and System 2

    System 1 is fast, intuitive and automatic. It is prone to biases and errors such as overconfidence.

    System 2 is slow, analytical, and deliberate. It is necessary for complex tasks requiring focused attention.

     

    System 1 is what most political parties resort to in their communication for the electorate. They are ably joined in by many media vehicles who leave no stone unturned to amplify these pieces of communication, building a smokescreen of rationality and people-speak.

     

    System 2 is what the ‘woke’ community indulges in, focusing on the actual issues at hand that need to be addressed in the communication campaigns rather than hubris.

     

    System 1 brain says that the lord shall redeem the faithful soon. System 2 brain reminds you that you are still unemployed.

     

    Irrationality

    Humans are not rational. We all make a lot of irrational mistakes.

     

    We will vote for personalities and not issues. We will vote for promises, most of which never get fulfilled, and not for present performance. We laud those who posture and not those who have the capability to actually perform. Right from middle school we are taught to ‘look before we leap’. From childhood, we are taught that ‘man is a rational animal’. Yet, as a voter, I think I understand what the nation needs better than the others and I am smarter than those around me.

     

    Prospect theory

    A personal favourite, the prospect theory suggests that people feel losses twice as hard as gains.

     

    DK cites an example that many people don’t want to play a ‘Heads or Tails’ game where they can win $100 but risk losing $50. He goes on to suggest that one should take this bet every single day!

     

    So, it is shrewd and politically diabolical to spin the web of being ‘wronged’ for centuries together, magnifying the narrative of the deprivation and current ills as a result of the same. Such a story told in a compelling manner can sway the emotions and minds of the most rational of people. History holds up many such instances. As DK himself says, ‘A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth. Authoritarian institutions and marketers have always known this fact.’

     

    Halo Effect

    The halo effect is a cognitive bias where your overall impression of a person influences your perception of their individual traits or qualities. If you like someone, you’ll overestimate their capabilities and vice versa.

     

    Don’t we all know this. Culturally, we love creating demigods of mere mortals. We address them as ‘fathers’, ‘mothers’, ‘saviours’ and even ‘sewaks’. The opposite is also true. We incessantly denigrate and abuse someone we do not support. We address them as ‘libtards’, ‘presstitutes’ and ‘pappus’. Little do we realise that verbal abuse is also a cognizable offence, yet we laud our political heroes when they frequently resort to the same, from interviews to rallies.

     

    Availability heuristic

    The availability heuristic is a cognitive bias where you judge the likelihood of an event based on how easily it comes to mind. Our behaviour during the pandemic is an example fresh in our memory.

     

    DK says, ‘The illusion that we understand the past fosters overconfidence in our ability to predict the future.’

     

    Sunk cost fallacy

    The sunk cost fallacy appears when you keep investing in something even if it’s not worth it, simply because you’ve already invested resources in it.

     

    To put things in context, imagine the pain we had to endure finish a ‘Pathaan’ or ‘KGF’ just because you bought the ticket.

     

    Similarly, in the election context, it’s about putting your weight behind a person or a premise not because you do not realise the fallacy of either but because you have been branded within your community as belonging to a certain ‘camp’. The emotional cost of moving out of line is just too high.

     

    Confirmation bias

    This is the classic one in most consumer research reports. People tend to seek out information that confirms their existing beliefs and ignore information that contradicts it.

     

    DK says, “This is the essence of intuitive heuristics: when faced with a difficult question, we often answer an easier one instead, usually without noticing the substitution”.

     

    As a voter, always talk with people who have opposing views. It will be very insightful. We are currently in a state-of-collective-confirmation-bias where we go to any length to justify convenient lies, looking away from the inconvenient truths. And this applies to every political affiliation, right from an authoritarian streak to dynastic trends, anachronistic discourses to opportunistic divisiveness.

     

    Hindsight bias

    The tendency, after an event has occurred, to believe that one would have predicted or expected the outcome.

     

    This is reserved for the June 4.

     

    Framing effect

    When the way information is presented influences your decisions and perceptions, we call it a framing effect.

     

    We have always been fascinated with hyperbolic claims like ‘biggest’, ‘tallest’, ‘fastest’, ‘largest’ and ‘longest’. In fact, we have an entire book of records that chronicles such trivia. We prefer to see videos shouting ‘Politician A destroys Politician B’ than saying ‘Politicians A and B debate subject XYZ’. Even the nay-sayers resort to such methods of presenting claiming ‘the death of democracy’. This is like dhaba cooking… all masalas are added to anything that is cooked, just to make it spicier. Election campaigning does not move away from this recipe.

     

    Anchoring effect

    This is the last of the human behaviour patterns DK talks about. The anchoring effect is a bias where you rely too heavily on the first piece of information you receive when making a decision.

     

    This is where media and the IT cells play such a crucial role in determining how much of fake news is both created and perpetuated before it gets called out by one of the anti-fake-news activists. The damage is already done as the first piece of communication has already been amplified through social media. That damage can never be undone. And that is what every political party, sadly, banks upon…the deliberately created and circulated fake news, as our regulatory checks and balances are too slow and ineffective.

     

    I wish DK had visited India once in election time. He would have loved the empirical affirmations of the patterns he had painstakingly worked out. Having close to a billion people play out your biases and effects would be an experience of a lifetime.

     

    As he says in his book, ‘The premise of this book is that it is easier to recognise other people’s mistakes than our own.’

     

    Do not forget to revisit the ‘Hindsight Bias’ on June 4.

    Jai Hind!

     

    Avik Chattopadhyay is a Gurugram-based brand and business strategist and commentator. He is currently also working along with XLRI to set up the Indian School for Design of Automobiles. He writes on MxMIndia every other Thursday. His views here are personal.

  • Bias by Exclusion: News in the Times of Elections

    Bias by Exclusion: News in the Times of Elections

    Shailesh KapoorWe are exactly three weeks away from the first phase of polls in the General Elections. Expectedly, elections are dominating news coverage, and the action is only going to heat up over the next two months, leading up to the results on June 4.

    Historically, pre-elections and elections coverage on television news has been about programming ideas and access to the top politicians. The psephology part stopped being a differentiator a while ago, with opinion polls and exit polls being commoditised over time. Channels that could create engaging formats, have more feet on ground, and connect their viewers to the biggest names on the ballot, performed better than their competitors.

    Early indicators suggest that programming formats may not be the differentiating factor this year. Channels have maintained their typical debating formats, focusing on election-related topics, but barely breaking the template in the process. Yes, there is ground coverage, and it will pick up as we get closer to actual polling, but a lot of that is restricted to specific timeslots, often outside the primetime.

    What is striking is that channels have well-defined narratives, and are engineering their programming around it. In an election where most experts believe the outcome is a foregone conclusion, the narrative is easier to script. Yet, it is difficult to miss the political agenda behind these set narratives.

    For example, the electoral bonds data released by SBI a few weeks ago was arguably the biggest political story of March, till the arrest of the Delhi CM. But it was hard to find a debate on the electoral bonds on mainline news channels. Even as YouTube news channels covered the story in considerable detail, TV channels chose to turn a blind eye, barring a token story or two.

    Story selection is the most potent instrument of bias with a news channel today. Because if you choose to not show something, that’s the end of that anyway. One could argue that certain stories, like Manipur riots in 2023, do not generate ratings, and hence, are not commercially viable on mass television. That is a contentious argument anyway, given that principles of sound journalism would demand a separation between editorial and business. But with electoral bonds coverage, or the lack of it, even that argument doesn’t hold.

    It will be a pleasant surprise to see one of the mainline TV news channels stand out in the election clutter with an original and thought-provoking programming approach. Thankfully, there’s online news to fall back on!

  • ASCI Academy launches ‘Responsible Influencing E-learning Course’

    ASCI Academy, the training arm of the Advertising Standards Council of India (ASCI), has introduced the ‘Responsible Influencing Course’ e-learning certification, designed to support content creators be compliant with the ASCI code and the law, and uphold ethical standards and transparency in the influencer marketing industry.

    The two-hour course is broken into 21 small snippets which cover diverse topics. These include, shaping change by embracing self-regulation as an influencer, the power of transparency in embracing authenticity, decoding core concepts of influencer marketing, providing a nuanced understanding of the ASCI code and guidelines with relevant case examples. Additionally, the course addresses regulatory and platform-specific guideline requirements. A dedicated section focuses on the power of disclosures addressing issues like who should disclose, how and why to disclose and the specific requirements for disclosures. There are other interesting topics like influencer archetypes, brand engagement checklist, and more, ensuring an overall engaging and exciting learning experience.

    Said Manisha Kapoor, CEO and Secretary General of ASCI: “With so many young and new content creators, it is an exciting time for the advertising industry. It is important that consumer and brand trust remains high in this exciting channel of communication. We want to support influencers to stay on the right side of advertising regulations and codes, so that they are able to keep themselves safe, and have a long and sustained career. With increased scrutiny on influencers and content creators, it is important that they build familiarity with the rules and regulations that surround advertising. The course simplifies the regulatory landscape, and influencers who take the course can be more confident in their endorsements. We also expect brands to prefer creators who have shown their commitment to honest influencing by doing this course.”

  • Kuku FM introduces new campaign

    Kuku FM, the platform for audiobooks and shows, has launched a new ad film titled ‘Koi Baat Nahi’, conceptualised and executed by The Ensemble.

    Speaking about their collaboration with The Ensemble, Kunj Sanghvi, Head of Content at KuKu FM, said: “Making ads for a content offering is a doubly challenging task as the ads also become a proof of the quality of the actual offering, which is audiobooks and shows in our case. In a cluttered landscape, finding standout ways to appeal to the TG so they sit up and take notice is highly important. The team at Ensemble showed great agility in understanding the brief, cracking great ideas and doing swift and faultless execution,” said Sanghvi.

    As the co-founder of The Ensemble and the director of the ad films, Abhishek Dixit added: “With KuKu FM’s unwavering trust in The Ensemble’s creative prowess and our commitment to exceed expectations, we have once again demonstrated that stellar ideas can thrive even under tight deadlines. It was truly a collaborative effort from both the client and our team to achieve this, as at The Ensemble, collaboration means everything to us.”

  • Motilal Oswal appoints Sandeep Walunj as Group CMO

    Motilal Oswal Financial Services Ltd (MOFSL) has appointed Sandeep Walunj as its Chief Marketing Officer (CMO). In his role, Walunj will spearhead the marketing function across all the MOFSL group businesses.

    Speaking on the occasion, Motilal Oswal, Group MD & CEO, Motilal Oswal Financial Services Ltd. said: “We are thrilled to announce Sandeep as our new Chief Marketing Officer of the MOFSL group. His appointment marks a pivotal moment in our journey to reinforce our brand image and strengthen our marketing capabilities. With his deep understanding and successful track record in large domestic and global organizations, Sandeep’s expertise will be instrumental as we strive to achieve our ambitious objectives of expanding and elevating our marketing impact.”

  • LS Digital partners with Aqilliz

    LS Digital, a leading independent and much-in-the-news digital marketing transformation (DMT) company, has announced a DCR (Data Clean Rooms) ) implementation partnership with blockchain specialist Aqilliz. Through this partnership, LS Digital will facilitate a range of marketing applications and address the increasing demand for Data Collaboration and Regulation, with a focus on Privacy-Preserving Analytics, Compliance, and Customer Insights.

    Speaking on this partnership, Prasad Shejale, Founder & CEO, LS Digital, said: “We are thrilled to announce our partnership with Aqilliz as an implementation partner for their DCR suite of products.” On the importance of Data Clean Rooms to brands and competitive market advantage of Aqilliz, Prasad further commented, “In today’s landscape, ensuring data privacy, protection, and collaboration within the organization, as well as with data providers, in a regulatory compliant manner is imperative for businesses to stay ahead. Aqilliz offers an innovative next-generation blockchain-based DCR middleware solution perfectly aligned with these needs. Our plan is to integrate this middleware to facilitate various use cases including Data Collaboration, Privacy-Preserving Analytics, Compliance and Regulation, and Customer Insights. This product seamlessly enhances our Marketing Data Infrastructure service, guaranteeing safety, security, and compliance for consumer data.”

    Commenting on this partnership, Gowthaman Ragothaman, Founder & CEO, Aqilliz, added: “I am extremely delighted to be partnering with LS Digital in their mission to change the future and challenge the now. Responsible use of consumer data is one such challenge that is in front of us. Decentralised Data Clean Rooms will help the customers of LS Digital in meeting this challenge.”

  • Inshorts rejigs leadership

    Inshorts has announced a transition in its executive leadership. Azhar Iqubal, who co-founded the company and has served as CEO since its inception, will be transitioning to the role of Chairman. Co-founder Deepit Purkayastha, will assume the position of the CEO of the company.

    Said Iqubal: “After leading the company for 11 years as CEO, I have decided to step into the role of Chairman of the company. My co-founder, Deepit, who has been an instrumental part of our journey from the beginning, will take charge as the CEO of the company and I am excited to see him lead our company to even greater heights. I remain committed to our vision and mission of building a large and profitable internet company in India.”

    Added Deepit Purkayastha, Co-founder & CEO, Inshorts: “Azhar has led from the front through ups and downs. I thank Azhar on behalf of the company and I feel honoured to take on the role of CEO to lead the company through the next phase of growth.”

  • Bachchan promotes Muthoot Group

    The Muthoot Group has launched its latest marketing campaign featuring actor Amitabh Bachchan, advocating its leisure and hospitality properties, Xandari Resorts & Spa.

    Said George M George, Managing Director, Xandari Resorts & Spa said: “We are excited to feature Mr Amitabh Bachchan in The Muthoot Group’s new film because it brilliantly showcases our Xandari Resorts and captivates our audience with sustainable and luxury hospitality. Consumers today seek out holiday experiences that transcend the ordinary and we are dedicated to provide each of our guests with experiences and memories that last a lifetime. At Xandari, we also want to pioneer a sustainable chapter in tourism, by upholding our core principles – community, conservation and collaboration. The idea was to capture the essence of responsible tourism with Xandari’s unparalleled fusion of luxury and a unique farm to table experience. I also feel that Mr. Bachchan’s presence has elevated the Xandari brand to a whole new level and I am sure this content will get us tremendous interest worldover. At Xandari Resorts & Spa, we invite travelers to immerse themselves in the beauty of nature while indulging in world-class hospitality.”

    Added Abhinav Iyer, Senior General Manager – Marketing at The Muthoot Group: “Mr Bachchan has been The Muthoot Group’s brand ambassador for many years now and with a legend like him, we have been keen to create tailor-made content for our leisure & hospitality division for quite some time now. Xandari Resorts is a jewel in the Group’s crown and hence with this film, we have attempted to create a strong desire for Xandari Resorts leveraging a cinematic approach. We plan to promote this film widely across digital and other mainstream mediums in addition to national & international events, exhibitions and travel & tourism meets.”